The FHA "Kiddie Condo" Loans are Back! Thinking of a way to get your college student out into their own home without putting 20% or more money down? If your child has a FICO score in the high 600's they could qualify for a "Kiddie Condo" loan! The Primanry Borrower, "The Child" does not have to earn a dime of income.
Here are the major factors.
- 55% back end ratio’s
- over a 640 FICO score.
- income can come from the Non Occupying Co Borrower "Parent"
My Mortgage Professional, Patricia Greco from Priority Mortgage can take your applcation and get you an DU approval in 2 days or less! Then I can take you out to one of the FHA Approved Communities in the are you desire. It's that simple!
Contact Patricia Greco by phone 714-623-6929 or prioritymortgage@roadrunner.com or
Tina Maraj, Full Time Residential Real Estate Agent for 21 Years! at 714-403-7901 or Tina4Homes@aol.com
We both work 7 Days a Week! Let's get your loan started today!
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